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Home International Customs Iraq

Iraq crude oil swap with Iran to start next week

byCT Report
31/01/2018
in Iraq
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BAGHDAD: Iraq is expected to start crude oil exports from its northern Kirkuk Oilfield to Iran next week, an Iraqi oil official said. Alaa al-Yasiri, acting director general of Iraqi state oil marketer SOMO, added that Iraqi exports could increase, as the country plans to start trucking crude to Iran’s Kermanshah Oil Refinery under a swap agreement announced last month.
Iraq and Iran have agreed to swap up to 60,000 barrels per day of crude produced from Kirkuk for Iranian oil to be delivered to Iraqi customers in southern Iran.

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